23 Jun '15, 11pm

#singapore #property UK house prices still rising: Tight housing supply saw average hou...

Comment E-mail to friend Bookmark & Share Tight housing supply saw average house prices in the United Kingdom in the three months to May 2015 rise by 2 percent compared with the preceding three months, according to the latest Halifax House Price Index. Martin Ellis, Housing Economist, said: “Annual house price growth rose marginally from 8.5 percent in April to 8.6 percent in May, and continued to be in the narrow range of between 8 and 9 percent where it has been throughout 2015 so far. “Housing supply remains extremely tight with the stock of properties available for sale currently at its lowest level for many years. At the same time, ongoing economic recovery, increasing employment, real earnings growth and very low mortgage rates are all supporting housing demand. “This combination has kept annual house price inflation well above earnings growth although activity level...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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